DekaBank Deutsche Girozentrale boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 78,882 shares of the industrial products company’s stock after purchasing an additional 2,292 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Roper Technologies were worth $32,992,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Edge Wealth Management LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $25,000. Samalin Investment Counsel LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $26,000. Childress Capital Advisors LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $27,000. Capital Asset Advisory Services LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $31,000. Finally, Regent Peak Wealth Advisors LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $34,000. 91.73% of the stock is currently owned by hedge funds and other institutional investors.
ROP has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on shares of Roper Technologies from $460.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday. Argus lifted their price target on shares of Roper Technologies from $425.00 to $440.00 and gave the company a “buy” rating in a research report on Tuesday, February 2nd. JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $320.00 to $310.00 and set an “underweight” rating on the stock in a research report on Monday, February 1st. Finally, Barclays lifted their price target on shares of Roper Technologies from $440.00 to $445.00 and gave the company an “overweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Roper Technologies has an average rating of “Hold” and an average target price of $433.78.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Thursday, January 28th. The industrial products company reported $3.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.49 by $0.07. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Roper Technologies had a return on equity of 13.53% and a net margin of 28.89%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 12.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 22nd. Shareholders of record on Monday, April 5th will be issued a dividend of $0.563 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.56. This represents a $2.25 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, April 1st. Roper Technologies’s payout ratio is currently 17.24%.
Roper Technologies Company Profile
Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.
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